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<br /> £�"��:{?� �� � � �. �, R�-r�t�at�p 9��-1t�434 . ' ., - ��—" 103272 - � � .
<br /> � __ . � _ . . . . _�. .
<br /> '' �monthly imaamnmt�ar items(s)�,`�@y.��¢c)s6y!a�al ooe-'twdrth of tI�e annud amounss.u reasowWY��`� - _'
<br /> b�►�,eoder.P1n�an�mbust wifideat to mai�oai an ddiaoo�t�taoce of aoR taorc t�i oncrsixd�of trie atimued amwot:. '.
<br /> , T6e lull amual amoaat fcr ac�itan shalt 6�scc�mdated bY La�er w�ti�in s period endia j oat month befarc m item watW :
<br /> 6erume delioqua�t-I.esder a6ag�old t6e amountt co�e�ed in vuu ta paY�taris(s?.4b),aod(c)bet44rre tJxY beoome ddia4��
<br /> If a�any tune tbe Wta1 of�WY�au 6eW bY Lender for rtaas(a).lb)�aad(c).tc�ethet with t�}ie future mootidY pY�
<br /> �or sikh items payabla to Leader prior w the due dstrs of sucb items.atceeds by more tt�n one-sixth the Gst�tnated amount .
<br /> � r` of paymer�ts raqnirod.to paY s�itams�due.and if paysneacs on the Nott are eurrrnt.theli L�ndes shall et'Lhet[ttiti�Q-
<br /> t�a acess ova oae�tth of the atimated payaKnts or cralit the acoas over one-sixth of the estimated pxyments to sataseqatnt
<br /> � �aymeatg tiy Borrowea,u riu optton oi$omnwer.Ii tibe total af tl�payments�nade by Boaower for itan(�),(b�,or(c) �
<br /> -- i��tc pay tt�e icem�ben:di,�tl�as Borroxa shall paY ta Les�der any am�unc nxe�ary to make up the defi�mcY
<br /> an or befae tLe date tLe hem becomes dua . � �
<br /> � ° As used in tLis Sccurity tnstrament,`•Secretuy"maas the Saaetary of Housin8 an►d L►rban Devetopment or 6is or her
<br /> daip�ee.Mcst SecuritY instrumeau uuured 1sy the SecretuY are insured under programs which nquire advance payment of. .
<br /> �he e�i�e mo�tp�e ias�nce prem�,•�++ If thu Securlty lnstrument is or was in�aed w�der a program wt�ic6 did na require
<br /> advaaoepanoeaR of tLe eacire nw�t�e indu�a�t premium.thdt acbuioutblY Pi►Ymwt sLall�iso indude eitder:(7 au instaltmmt
<br /> of the aanual mo�tpse i�urance pmniwa w be paid bY Lender to tttie Secretary.or('u'3�monthty charge iauead of a mortgage
<br /> inwranoe pnemium if this Socurity Intwmeeat is held by the SecretarY.Each monthiy uWaUaxnt of the mortgage insur�aee
<br /> praaiwn shall be in an amount sufficxeat to accumWate the fuU annual mortgage insurana prerolmn witt�Lcuda oae moatls
<br /> prior to ibe date the fuD annual mortsaEe insurana pcaniwa is due fo the SacretarY..or if titis Security Lutrumtnt is hetd
<br /> (�r�e Secretary,each nwntWy charge shalt be in an amount oqual ta one-twelfth of oae-half paaat of the outstanding principsl
<br /> baLnce dex on tlu NMe. - - -
<br /> if Borrower teadera to I.ender ti�r�ull paymeat of al!swns socured by this SocuritY lastrumsnt,Borrown's acconat sbaU
<br /> be credite�writh tt�e balaace remainiA�for aIl iastaAaxnts for�tesns(a}.(b),and(c)and any mortga�e insurance p�emium
<br /> `iauallment tbat I.ender h�s nat becomc oblisated to pay to tlie Seeretuy,aad Leadec shaU pmmptly refund azty access fun�s
<br /> _ __ _ tu_Bonu�.Immadis�tely prio�to s farxlosure sa3e of the Property or its acquisitian by Lender,Borrower's accuunt shaII _
<br /> -. -- be credited�rlt6�tay balance ramainm8 for�11 ir��t*+�,�+�Tor items(a7; �.ana�cT -�—- - � -
<br /> 3.A�a�t1o�of Y�aert�."Ail paymenu u�3er paragr-�hs 1 and 2 s6aU�be applied by Lender as follows:
<br /> - �rst,to the mortgage insurance premium to be�aid isy Lsceder to the Secretary ar to thc aronihly charge by the 5ecruary
<br /> - � � instead of the monthly mortgage insuiranoe premi�ina,unless Borrower paid thc entire mortgage insuranca prem�um when this ; -
<br />._ Seeurity lnstr�ment was si�; � .
<br />_=_ - Second;tb any taxes,spccial as.�essments,leasebotd paymenu or graunct i�s,and C�,flood and other hazard insurance . � —
<br />:r. premiums.as requirod. � , .
<br />-_ Tdird,to intecest due under the�ate; , ,
<br /> Fourth,to amo�t�zatton of the principal of the Note; , . . '
<br /> � Fiftb,tQ late cliarges due under the Note. � �
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<br /> I.Ftn,'4`fsoi aN Otrer Na�rd Iwsanu�ca Burrawer shatl.insure all improvemems an the Praperty,whether now in .
<br /> eaeistenx or subsequently trected,againsc any hazards,casualties,and eondngencies,inciadisag Gre,for which Lender requires
<br /> x��� insuranoe.This insurana sha11 be maintained'm the amounu and.for the perioct4 that Lender requires. Borruwer sisa�t!also
<br /> insure all improvemenu on the Property,whether now in ex�stence or subsequently erected,against loss by floods to t6e extent _
<br /> required by the Secretary.All insurance shall be carried with companies appzoved by Lender.The insurance policies and any -
<br /> - renewals shall be held by Lender and shall include loss payable clanses 1n favor of,and in a form aceeptab2e to, Lender. �
<br />`-'�= ln the event of loss,Bonower shaU give Lcnder immediate notice by mail.l.ender may make proof of loss if not madc �t
<br /> s..
<br /> - promptIy by Bonower.Each insurancrcompany concemed is hereby authorized and directod to make payment for sacb toss v�-
<br /> dirxtly to Lender.instead of to Borrawer and to Lender iointiy. All or any part os the insFasance procads may be a�plied
<br /> - �- by Lender,at its option,either(a)Eo the re+ductian of the indebtedness under the Note and this Securicy lnsirument.�tst to �-
<br /> a�y delinquent amounts aDp li e d in t he or dcr in paragrap h 3,an d t hen t o p r e p a y m e n t o f p r i n c i p a l,or(8 y to the'restoratlon
<br />'�u�'��� or repair of the damaged Propeny.Any applicatio:�of the procceds to the principal shall not extend or�s pone the dae date ���
<br />- of the moachly paymenta which are referred to in paragraph 2,or changc the amount ot such payments.Any rxcess uc�urance
<br /> -• " proceeds rner an amount rcquired to pay alI outstanding indebtedness under the Note and this Securtty lnsttumen�s"7a11 be _
<br />' =�f .` paid to the eadty legalty ontitled thereto. � , -_
<br /> '` ' ln the event of foresctosurc of this Secudty lnstrument or other transt�es of title to the Property that extinguishes the -�
<br /> •'•i:' �AdCblCdtICSS�8II�I$Ifl�11tIC AJl(I�Df�iCSt Of BOffOWCI 1D aRd 10�IISUJdI1C�'pQ�:cies in force shall pass to the purchaser. �'=:
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<br /> - S.pnxrvatlo�a�d Mal�te�ece of tbe properly.l.eageholds.Borrower shail not ca�mii waste or destroy.damage or _
<br /> substantiapy cbange the Property or atlow thc Property to deteriorate,reasonable wear accd r.�r cxcepted.Ltnder may inspect
<br /> � the Property if the Propeny is vacant or abandoned or the loan is in deiauDt.Lender may take reas��n:ble action to protect �
<br /> �� and prcserve sncb varant or abandoned Propeny. li th3s Securlty instrumena is on a leasehold,Bona��r shall comply wlth
<br />--_=-- - -- the provisions of the tease.if Barra�cer acquises fee titic to Ehe i';oyerty,the leasehvtd and fce title sha�aot be merged unless
<br /> ., Lender agrees to the merger In wrlting. ,
<br /> - 6.CU�a to Borroxer aed Protectlon o!Lender's Rig6is ie ihe Pwperty.Borrowcr sfiall Day all govcrnmental or municipal
<br /> charges,fiaes and impositlons that are not inciudecb in paragraph 2.Borrotver sha1)Day ihese vbligations on time directty to
<br /> � ihe entlty which is owed the nayment.lP Pallure to�say�vould adverscly affccc �ertder's interest in the Aroperty.upon Lender's
<br /> .:� te9uest Borrower shall promptly furnish to Lender receipts evidendng these payments.
<br /> .1f Borrower fails to make these papments or the payments repuired by paragraph 2.or fails to prrform any other covenants
<br /> ' and agreements contained in this 5ecurity instrument,or there is a legal proceeding that may significantly aifect Lender's rights
<br /> � ln the Progerty(such as a proceeding in bankruptcy.for condemnation or to enforce laws or regulations).then Lender may
<br /> do and Day whatever is necessary to prolect the vatue of the Property and Lendcr's rights in the Proper.ty.inrtuding payment
<br /> -`-''- ' of taxes;haxard insurancr and ather items mentioned in paragraph 2.
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<br /> �--� �'��° - Any amounts disbursed by Ltnder under this parasrapb shati become amuciciit4onal debt of Barrawer and br serured -
<br /> by this Security lnstrumcm.7'hese amounts shali 6ear intcrest from the date of disbursement.at the Note rate, and at thc
<br /> opNon of Lmder,shall ix immedlately due and payable. � � -
<br /> . =Y4, �?`'�`� 7.Coedemnatiun.The praceeds oP any award ar claim for damages. dirert or conseque�tial, in conneetion with any
<br /> � '��. coademnat4on or othes Iaking of any past of thr Proptrty,or for conveyance in ptace of condemnation.are hereby assigned
<br /> � = and sha111x paid to Lender eo the extent of ihe full amount of tha indebtedaess that remalns unpaid under the Note and this
<br /> �'""�" � 5eCUrity tnsirument. Lettder shal�appiy sucfi proceeds tn the rcductIon qf ihe i�deiitedness url�er the hSate and this 5eraritp -
<br /> � ' ����j`' lnstn�men;,first to any Ael3nquent amounts aDO����the ar8cr pravided in paragraph 3.and then to prepaymrnt of principal.
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